Reply #73: From Gamblers Anonymous: Odds of December Fed rate hike back below 50% [View All]

[UpInArms]

http://www.marketwatch.com/news/newsfinder/pulseone.asp?siteid=mktw&guid=%7B9C22CF89-C7A8-44E5-9CFD-58955CE03D8B%7D&

CHICAGO (MarketWatch) -- With a fresh surge in oil prices as Hurricane Katrina shuts down Gulf of Mexico production, futures traders at the Chicago Board of Trade have scaled back their predictions for the year-end Federal Reserve interest-rate target. The futures market remains highly confident that the Fed will raise rates in quarter-point moves at both the September and November meetings, taking the target to 4%. But the likelihood for a 4.25% target after the Fed's Dec. 13 meeting has been trimmed to 48% from 55% priced into futures trading on Friday.